Office Depot Inc. named on Monday Gerry Smith as its chief executive officer, effective Feb. 27. Smith will succeed current Chief Executive Roland Smith, who announced his plan to retire in August 2016. Smith is currently the chief operating officer at technology company Lenovo Group . Office Depot’s stock, which was still inactive in premarket trade, has tumbled 16% over the past 12 months, while the S&P 500 has run up 18%.
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